WhatsApp quoteOpening a business account with RAKBANK is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. GoldenKey does not promise bank approvals, because only the bank's compliance team can grant them; what we do is prepare your RAKBANK application so thoroughly that there is little left to question. Just as important, payments between Lithuania and the UAE are routine: the dirham is pegged to the dollar, euro (EUR) transfers settle quickly and UAE banks are familiar with Lithuanian business profiles. The most common businesses Lithuanians open through GoldenKey are in fintech, laser technology, food exports and logistics, although RAKBANK supports almost any activity.
Why RAKBANK
For most clients, rAKBANK is known for SME specialist, practical documentation requirements, good for northern emirates businesses and RAKstarter package for new companies, and that is why we shortlist it for companies with that profile. GoldenKey prepares a one-page business profile, a projected cash-flow summary and a document pack in the format RAKBANK relationship managers expect. Many Lithuanian founders run RAKBANK companies alongside an existing business in Lithuania, using the UAE entity for international invoicing and regional sales.
How RAKBANK works with GoldenKey
Step 1Profile review
We assess your business profile against RAKBANK's appetite — activity, nationalities, turnover — and confirm the fit first.
Step 2Document pack
GoldenKey builds the complete document pack for RAKBANK: corporate papers, signatory IDs, proof of address, profile and supporting invoices. Your portal shows the status of this step for a RAKBANK business account for Lithuanian owners in real time.
Step 3Introduction and meeting
We introduce you to a RAKBANK business banking officer and sit with you for the application meeting, in person or by video.
Step 4Compliance and activation
For most clients, the bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval. For a RAKBANK business account for Lithuanian owners this step rarely needs your presence; scans and e-signatures are enough.
Documents required
The document list for a RAKBANK business account for Lithuanian owners is short, and most clients already have everything on it.
- Proof of residential address for each signatory
- Sample invoices, contracts or purchase orders where available
- A CV for each shareholder and the company's website or social links
- Personal or corporate bank statements for the last three to six months
- Trade licence, certificate of incorporation and memorandum of association
- Educational certificates attested by the Lithuania authorities and the UAE embassy, for professional activities
Pricing
Day to day, pricing for a RAKBANK business account for Lithuanian owners depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. In short, all prices for a RAKBANK business account for Lithuanian owners are indicative, shown in AED and confirmed in writing before you pay.
| GoldenKey service fee | AED 1,500 |
|---|
Introduction, document preparation and coordination with bank relationship manager
Request this servicePrices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-06.
Why the UAE
Importantly, residence visas for owners and families come with the company, which makes a RAKBANK business account for Lithuanian owners a route to relocation as well as a business decision. As we tell every client, there are no restrictions on repatriating profits or capital, so earnings from a RAKBANK business account for Lithuanian owners can be moved to your home country or reinvested freely.
Why GoldenKey
Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a RAKBANK business account for Lithuanian owners happen the same day they are ready. GoldenKey's consultants have handled a RAKBANK business account for Lithuanian owners for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves quickly. As we tell every client, we speak the languages our customers speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for a RAKBANK business account for Lithuanian owners.
Just as important, message GoldenKey now and we will prepare a personalised quotation for a RAKBANK business account for Lithuanian owners, valid for 30 days and confirmed in writing.
Frequently asked questions
Can I open a RAKBANK account without a UAE residence visa?
Some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey usually processes your investor visa before the bank application for that reason.
Can a free zone company open an account with RAKBANK?
Yes — RAKBANK accepts companies from the main free zones, subject to its review. A clear activity and a UAE-resident signatory help.
Is a minimum balance required at RAKBANK?
Most UAE banks apply a minimum average balance or a monthly fee below it. GoldenKey confirms the current RAKBANK terms for your package before you apply.
Can a Lithuanian citizen own 100% of a company in RAKBANK?
Yes. Lithuanians can own the full share capital of a RAKBANK company with no local partner, exactly like any other nationality.
Do Lithuanians need a UAE visa before applying for RAKBANK?
No. You can apply for the licence from Lithuania with scanned paperwork, and the investor residence visa is processed afterwards.
